NOT LISTED FOR SALE

Estimated Value: $1,604,021 - $2,075,000

7 Beds
4 Baths
4,782 Sq Ft
$375/Sq Ft Est. Value

Last Sold October 21, 2016

Last sale price $1,050,000 $220 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $10,767/month

5 Days on Market

Highlights

  • Lawn
  • Laundry Room
  • Central Heating
  • Woodrow Wilson High School Rated A
  • Landscaped

About This Home

As of October 2016

Excellent investment opportunity in the Rose Park neighborhood of Long Beach. Rose Park is one of Long Beach's coveted rental neighborhoods offering prospective tenants reasonable rent and proximity to some of the area's most alluring attractions. Centrally located this property is a short drive from the beach, CSULB, Downtown Long Beach and the 405! 829 Dawson's units are comprised of 1 Unit@ 3bed 2 1/2baths & 3 Units@ 2bed 1 1/2baths. Drive by Only. Tenants are unaware of the sale. Do Not Walk The Property or Disturb The Tenants.

Last Agent to Sell the Property

Stewart Baxter

Compass License #01890216 Listed on: 09/01/2016

Compass

Last Buyer's Agent

Carmen Hill

CitiHousing Real Estate License #00826307

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,563

Year Built

  • Built in 1976

Lot Details

  • 6,504 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Landscaped
  • Lawn

Parking

  • 4 Car Garage

Interior Spaces

  • 4,782 Sq Ft Home
  • Family Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Location

  • Urban Location

Utilities

  • Central Heating
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 576901
  • Assessor Parcel Number 7262010010

Community Details

Building Details

  • Electric Expense $480
  • Insurance Expense $3,840
  • Trash Expense $300
  • Water Sewer Expense $1,800
  • New Taxes Expense $13,740
  • Gross Income $6,010
  • Net Operating Income $46,440

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,563

Year Built

Built in 1976

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Water Sewer Expenses: 1800.00
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7262010010
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Fireplace Features: Family Room
  • Price Per Square Foot: 219.57

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Fireplace(s), Wall Furnace
  • Laundry Features: Community
  • Trash Expense: 300.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Landscaped
  • Lot Size Sq Ft: 6504.00
  • Price Per Lot Square Foot: 169.13

Multi Family

  • Electric Expense: 480.00
  • Gross Income: 6010.00
  • Gross Scheduled Income: 67800.00
  • Insurance Expense: 3840.00
  • Net Operating Income: 46440.00
  • Number Of Units Total: 3
  • Operating Expense: 21360.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 13740.00
  • Tax Lot: 9
  • Tax Tract Number: 576901

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2016
Closed on
Sep 23, 2016
Sold by
Vermoch Sukanya Phonylam
Bought by
Vermoch John Charles
Seller's Agent
Stewart Baxter
Compass
Buyer's Agent
Carmen Hill
CitiHousing Real Estate
List Price
$1,100,000
Sold Price
$1,050,000
Premium/Discount to List
-$50,000
-4.55%
Current Estimated Value
$1,793,255

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$743,255
Avg. Annual Appreciation
6.12%

Purchase Details

Listed on
Sep 1, 2016
Closed on
Sep 14, 2016
Sold by
Green Leon
Bought by
Vermoch John Charles
Seller's Agent
Stewart Baxter
Compass
Buyer's Agent
Carmen Hill
CitiHousing Real Estate
List Price
$1,100,000
Sold Price
$1,050,000
Premium/Discount to List
-$50,000
-4.55%

Purchase Details

Closed on
Jul 27, 2001
Sold by
Lakes George and Lakes Robin
Bought by
Green Leon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,000
Interest Rate
6.5%

Purchase Details

Closed on
Jun 10, 1999
Sold by
Bermudez Adolfo and Bermudez Maria
Bought by
Lakes George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,800
Interest Rate
2.95%

Purchase Details

Closed on
Nov 3, 1993
Sold by
Home Svgs Of America Fsb
Bought by
Bermudez Adolfo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$282,374
Interest Rate
7.21%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Vermoch John Charles -- First American Title Company
Vermoch John Charles $1,050,000 First American Title Company
Green Leon $490,000 First Southwestern Title Co
Lakes George $341,000 Southland Title
Bermudez Adolfo $293,000 Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Green Leon $412,000
Previous Owner Lakes George $306,800
Previous Owner Bermudez Adolfo $282,374
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/21/2016 10/21/16 Sold $1,050,000 -4.5% $220 / Sq Ft
09/06/2016 09/06/16 Pending -- -- --
09/01/2016 09/01/16 For Sale $1,100,000 -- $230 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $16,563 $1,218,608 $545,472 $673,136
2024 $15,835 $1,194,715 $534,777 $659,938
2023 $15,571 $1,171,291 $524,292 $646,999
2022 $14,625 $1,148,325 $514,012 $634,313
2021 $14,321 $1,125,810 $503,934 $621,876
2019 $14,117 $1,092,420 $488,988 $603,432
2018 $13,694 $1,071,000 $479,400 $591,600
2016 $7,460 $586,520 $149,747 $436,773
2015 $7,170 $577,711 $147,498 $430,213
2014 $7,136 $566,395 $144,609 $421,786
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16193206

California Regional Multiple Listing Service (CRMLS)

APN: 7262-010-010